In Praise of Empires by Deepak Lal

Book Description

In this timely and controversial book, economist Deepak Lal explores the twin themes of empires and globalization and discusses the place of the US in the current world order. In Praise of Empires argues that not since the fall of the Roman empire has there been a potential imperial power like the United States today, and asks the question: Is a US impirium needed for the globalization which breeds prosperity? What form should this empire take - a direct 'colonial' or 'indirect' empire? Will America be able and willing to run an empire? Lal explores the Islamic threat to the position of the US and the current 'war on terror'.

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Arguing for a revival of the invisible hand of free international trade and global capital, the author defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. He contends that capitalism doesn't have to lead to Westernization, as the examples of Japan, China, and India show.

This book explains India's long economic stagnation and recent rise by examining its social, political and historical evolution in long term perspective. It explains how its distinct social system based on caste arose and why it still is of importance in its political and social arrangements, despite India's recent move from the plan to market.

Author Biography - Deepak Lal

DEEPAK LAL is James S. Coleman Professor of International Development Studies at the University of California, Los Angeles, USA and Professor Emeritus of Political Economy, University College of London, UK. He has advised numerous governments and international agencies and was the Research Administrator at the World Bank from 1984 to 1987. He writes a monthly column for The Business Standard and his most recent work, Unintended Consequences was named on the of the 12 'Year's Best Books About Asia' by Asia Pacific Media News Magazine.

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